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Freezing and confiscating assets of oligarchs evading sanctions

May 25, 2022 | News

(25 May 2022) – Today, the European Commission is proposing to add the violation of EU restrictive measures to the list of EU crimes.

© European Commission

The Commission is also proposing new reinforced rules on asset recovery and confiscation, which will also contribute to the implementation of EU restrictive measures.

While the Russian aggression on Ukraine is ongoing, it is paramount that EU restrictive measures are fully implemented and the violation of those measures must not be allowed to pay off.

Today’s proposals aim to ensure that the assets of individuals and entities that violate the restrictive measures can be effectively confiscated in the future.

Currently, there are over 40 regimes of restrictive measures in place in the EU and the rules criminalising the violations of such measures vary across Member States.

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